Identification theft, business collection agencies, and pay day loans list that is top of fraudulence complaints

Identification theft, business collection agencies, and pay day loans list that is top of fraudulence complaints

Identification theft led record of top customer complaints in 2013, with US customers reporting they destroyed over $1.6 billion to various kinds of fraudulence, states the Federal Trade Commission.

The apparently intractable dilemma of identification theft led record of top customer complaints once more in 2013, that they lost over $1.6 billion to various types of fraud, the Federal Trade Commission said in a report released on Thursday with US consumers reporting.

Of this 2 million customer complaints that the commission received a year ago, 290,056, or just around 14 per cent, had been pertaining to identification theft, the FTC stated.

“This (identify theft) has topped record since at the very least 2006,” stated David Torok, manager associated with the FTC’s Division of preparing and Ideas.

Identification thieves make purchases on charge cards they don’t acquire, make withdrawals from the target’s banking account and take away loans into the target’s title, among other types of fraudulence.